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. gerri: next, many homeowners rushing to rush and to dump their property ahead of the fiscal cliff. dolly will join us after the break and dreaming of a white christmas and then there is this. coming up, how mother nature is putting a damper on things i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break fr the holiday stress. ship fedex express by december 22nd for christmas delivery. gerri: many owners turned over their properties this year ahead of the fiscal cliff. some buyers have been able to dig deep discounts this year. my next guest says that it is fast tracked like never before. dolly lintz joins me now. what is it about the fiscal cliff that is making people act so quickly? >> if you think about it, some sellers have purchase prices that they pay 20 by the years four. they are selling for six or eight or 12 million. think about that. gerri: holy cow. >> if the bush tax cuts are over and taxes go back from imagine the difference in the tax rate. it is humongous. gerri:
with the washington times and he is here to talk to us about the fiscal cliff. what's next? so let's get to it. on friday you had the lead story with the headline boehner's plan fails to win over g.o.p. the collapse is a serious blow to house speaker john boehner who hoped to gain leverage in his discussion with president obama and signals conservative republicans are unwilling to stomach any rise in tax rates even on those making more than $1 million which was mr. boehner's plan. so walk us through what happened on friday. how did we get there? and it seems like the speaker of the house didn't see this coming, and a lot of folks in washington want to know why not? guest: we begin the week with the speaker of the house saying negotiations between he and president obama had stalled. they were stuck on their -- i guess i would say maybe not their final offers but current offers. boehner said he would raise taxes on those making a million a year or more and get all told $1 trillion in tax increases which he wanted to be matched with $1 trillion in spending cuts and the rate increases on those mak
the overreacted to the fiscal cliff, and 20% this time next year. >> brenda: jonas bull or bear. >> not as bullish as that. >> brenda: larry, your
the fiscal cliff. up next he's got his heart in it, but will speaker boehner survive the fiscal cliff battle? our brain trust weighs in. that is next. [ scratching ] you're not using too much are you, hon? ♪ nope. [ female announcer ] charmin ultra soft is so soft you'll have to remind your family they can use less. charmin ultra soft is made with extra cushions that are soft and more absorbent. plus you can use four times less versus the leading value brand. don't worry, there's plenty left for you dad. we all go. why not enjoy the go with charmin ultra soft? >>> letsd bring back today's brain trust panel. let's get right to the speaker's job. it's written in buzzfeed that speaker boehner will likely keep his job. >> i thought it was a good point, the basic argument thinking if eric cantor is the big rival to john boehner, they have been united as the negotiations have broken down and there's a lot of diciness when it comes to making a challenge to a sitting speaker even though the tea party folks aren't happen we boehner and the white house isn't happy with boehner so he's losing on the
that try to ban guns. >> the current battle in washington has to do with the fiscal cliff. two senior senators took to the airwaves today to discuss what happens next. democrat chuck schumer and suggested republicans needed to work on a partisan solution and accept the reality of tax increases. republican senator lindsey graham says he does not expect a big deal until the next round of debt ceiling talks. >> our republican colleagues, by refusing to go along with revenues, are risking the fiscal cliff. >> there will not be a big deal. the chance for a big deal is with the debt ceiling. that is one of will have leverage to turn the country around. >> president obama urged congress to get a deal done when they returned from christmas break. president obama was among the dignitaries that attended the memorial service for the senator. the world war ii was the first japanese-american elected to both houses of congress, serving hawaii for 50 years. he died of respiratory complications last monday. he was 88 years old. former president bush is still in stable condition in a houston hospital.
to avert somee end-of-year tax hikes associated with tte fiscal -3 cliff. in the next few days i've asked leaders of congress & po work towards a package that -3 prevents a tax hike on iddle class amerrcans, protects million americans and lays the groundwork for further work onn both and deficct reduction. tte remarks came after house ppeakerrjohn boehner failed to -3 pustee enoughhof his party's -&psupport to bring his "plannb" to the floor. is prooosal woold have effectively aisedd taxes only on hose americans making more thannone million & dollars a year. we had a number of our memmees who juss really didn't want to be taxes. the two ides ach left the capitollfor the christmassholidayy, bbaminn the ooher ffr inaction.. democrrts said thursday's faiiure in he house pointed to a need for more compromise by the g-o-p. house message loud and cleaa that a comprreensive solution to the looming fiscal clifffwiil need to bb a bipartisan solution. senate republican leader mitch mcconnnll saiddthe next move &pneedd to come from the president.. he
price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the pro-israel lobby as the "jewish lobby." what is your reaction to that remark? >> i think that remark is a troublesome and problematic. it
-- if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we sho
from scratch. he has solutions for the country's budget mess. he joins us live next. >>> to the fiscal cliff. you know the national debt tops more than $16 trillion. as house speaker john boehner put it, quote, let's be honest. we're broke. how does washington get its economy in order? who better to ask than a billionaire. he built his company red apple group from nothing. john, welcome. thank you for coming. >> thank you for having me. how do we get this spending under control? >> common sense prevails. we are all americans. newt gingrich and bill clinton hated each other. but they sat around the table and solved the problem. we had an excess in our budget which is unheard of. these people have to realize whether they are democrats or republicans, it is not being democrats or republicans. it is being americans. sit down at the table and negotiate and come up with a solution instead of going off to hawaii and instead of going home that's what business people do. if i have a problem in one of my companies, i sit down and i say, guys, let's solve the problem. you don't just raise prices
in a sense, the fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to raise rates? say we lost the election, now what, we're just going to, we have to do it. >> well, i think if the president had put something that was like $1 of tax increases for every $4 that he was cutting, then there could be an argument for doing that, but he's not there. >> paul: all right, mary, thank you. still ahead, four state department officials were removed from their post after a r r r r r r r >> a scathing report this week blames systemic failures in leadership and management deficiencies at the state department for inadequate security at the u.s. consulate in benghazi before the september 11th attack that killed ambassador chris stevens and three other americans. in testimony before congress this week, two top advisors to secretary of state hillary clinton vowed to do better and to improve security at u.s. diplomatic posts around the world. clinton herself was s
the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of the capitol can do likewise to get serious to address the real problem of spending so that we can get on about the business of growing economy and getting people back to work. >> a lot of the arguments that you made [inaudible] [inaudible] >> the president and i had a series of conversations. i told president these were my the president told me his revenues, $850 billion in line. he could not go any further. so we see a situation where, because of the political divide in the country, because of the divide here in washington, trying to bridge the differences has been difficult. if it were easy, i guarantee this would have been done decades before, but we have to find a way to address this significa
're talking about the fiscal cliff, we heard so much about spending and revenues over the next decade. is the best scenario over the next decade merely a maintenance of existing foreign aid? >> certainly we should maintain it. we have in fact cut back on foreign aid. at the very least, we should maintain it. i would like to see if we get to a place where we can have some agreement in washington and put off -- but our finances in better shape, in a few years we could increase it. -- put our finances in better shape, in a few years we could increase it. foreign aid is good for the countries and get it, but also america. >> let me ask you about the situation in syria. 40,000 people dead. almost two years into a civil war. no real and insight. the obama administration has a clear policy of avoiding intervention -- real end in sight. the obama administration has a clear policy of avoiding intervention. what do you think should be done more in syria? >> syria is a complex issue. i was the author of the syrian accountability act, which passed both houses of congress and signed by president b
fiscal cliff. now new details between how talks between the president and house speaker boehner fell apart on friday. >> the rain and win, both are picking up. the waves coming over the seawall here in pacifica. we will have the latest on the >> welcome back, everyone. the latest storm is hitting the bay area right now. it promises to be a boozezy before all is said and done. let's check in with our meteorologist lisa argen. >> carolyn, it is beginning to pick up along the coast, the north bay, the santa cruz mountains. here's a look at san francisco. light rains here. the winds 20, 30 miles an hour with gusts to 40 miles an hour. but this is just the beginning. live doppler 7 on top of the mountain pinging up heavier rain from santa rosa to heelsburg. a low around the central bay but you can see some yellows and oranges. we will take you to the peninsula in a mommy. from santa rosa to windsor. bodega bay and through napa rain. but the light blue, a little lull but the wind gusts to 20 americans in oakland. 32 miles an hour half moon bay. look at pacifica down through san mateo, burl
'm mike shumann. have a great day. >>> and coming up next, the huge fiscal cliff. now knew tails between how talks between the president and house speaker boehner fell apart on friday. >> the wind is picking up. the rain is steady this morning. i'll have the latest on the coastal conditions from pacifica after the break. >> welcome back, everyone. the latest storm is hitting the bay area right now. we want to check in with our meteorologist lisa argen. >> hi carolyn. good morning, everyone. the rain is increasing. here's a look at down turn san francisco. light rain. a wind advisory is posted in effect in the north bay. next half-hour in san francisco the winds will continue to pick up, as well as the east bay. you sigh the heavy rain from the north bay into parts of the east bay and the santa cruz mountains. this is moderate to heavy rain here from santa rosa, windsor, up to fort ross and highway 101. the winds gusting to over 26 miles an hour in san jose. rain along the coast with 30 miles an hour gusts and hayward 23 american wind gusts. hercules more moderate rain. in oakland light i
to washington next week because of the so-called fiscal cliff. legislators left washington without a deal that would avoid cutting government services on january 1st. >> a portion of interstate 80 heading to the sierra was shut down today after a series of storm related spinouts. the highway patrol shut the highway down this morning from colfax to the nevada state line. this is what it looked like this afternoon where you see a detour prompting cars to exit the freeway and turn around. at times the interstate looked more like a parking lot. >> try to get to tahoe for christmas and we saw a small sign that says road closed and thought day were kidding. but they weren't. >> the interstate eventually reopened this afternoon, the most powerful winter storm of the season is on track to drop as much as 5 feet of snow on top of the sierra. here's what it looked like earlier at squaw valley. as much as 12 inches of snow is forecast for the foot hills around reno, carson city. >> the highway patrol is looking for the driver who crashed an suv in oakland this morning. the vehicle careened off inter
cliff and the potential nomination of chuck hagel. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> with me now is mike duffy and susan page and our cnn political analyst ron brown steen who has a day job. >> the at the national journal. >> let's talk about the fiscal cliff. from what we learned, we're going over this thing. >> we're either going over the fiscal cliff or the house is ultimately going to have to pass a bill that amajority of house republicans oppose. the most significant thing we heard was that from congressman latourette that john boehner wasn't wed to the rule that says t
? >> as with the fiscal cliff it doesn't appear readily discernable, lou. president obama released a video message vowing to fight for new gun control laws early next year. the down tours of this debate are already taking shape as leading democrats are pressing for renewed assault weapons ban and for new limit on semitick ammunition magazines. a leading senate democrat says she favored schools being allowed to have armed guards if they so choose but she then cited the columbine massacre. >> in fact there were two armed law enforcement officers who twice engaged the shooters at column bind. that didn't prevent 15 from being killed and 23 wounded. >> however opponents of the assault weapons ban say that law was also in effect when columbine occurred and failed to prevent it. lou? lou: james, thank you. it is ex-orlando nary proposal comes from the national rifle association, a straightforward, simple and likely highly effective proposal. certainly to, going to be part of that debate. james rosen, as always, thank you very much. >> thank you, lou. lou: president obama, the first family, are now, as you see
- called fiscal cliff. the president and congress have left town for the holidays. house speaker boehner is in and obama is in hawaii. >> i'm stuck here in washington americans from showing more money to uncle sam next year. the gauche nations between white house and house speaker speaker boehner fell apart. negotiations between the white house and house eager .peaker boehner fell apart the president said that he is to working on a smaller deal avoid the fiscal cliff. >> the president is making changes when it comes to his inauguration. this time there will only be o official balls. there'll be a concert honoring .he lee terry families saturdaye held on before inauguration. out of egypt, how millions e voted on the disputed constitution. also, this cruise ship is isn't beingto italy m.rubbed from top to botto >> staring up controversy in virginia. breaking news out of egypt tonight. the constitution has received a majority of yes from more than 70%. the results were posted on the muslim's brotherhood website. was about 8ut million people. official results will not be announced for severa
. >> the clock is ticking down when it comes to working on a deal on the fiscal cliff. what joseph lieberman had to say about if he thinks a deal can be done. >> the bizarre story as two people in california who faked a ♪ >> a memorial service was held in hawaii today for the late senator daniel inouye. president obama and the first lady who were spending the holidays in hawaii attended the service. he died monday. >> there is just nine days until the country reaches that so-called fiscal cliff. tonight, at least one senator says after this week he's not feeling to optimistic. appearing on "the state of the union" joseph lieberman says it will be irresponsible if lawmakers are not able to get a deal done. >> i feel it is more likely that we will go over the cliff than not. if we allow that to happen it will be the most consequential act of congressional irrespent in a long time. >> he also said that he believes lawmakers will be trying to work out deals until the last second. >> two people are in custody after they faked a hostage situation and got into
and it in racing tax brackets on what people earn. why is chained cpi suddenly so vital to the fiscal cliff negotiation? it isn't a spending cut or a tax hike, but it would effectively cut spending and raise taxes on some, saving the government an estimated $300 billion over the next decade. the problem is that what that means is that seniors, the longer they live, the less money they would actually take home. they would see a cut to their benefits and that's what has progressives so upset. >> politically speaking, this was a significant concession from the democrats or was it just an accounting fix? >> well you know, it was both of those things. it is an accounting fix. it is a significant concession from democrats. some democrats who i spoke to said look, maybe i would consider this maybe. but only if we could have some sort of mechanism, ali, that a senior past age 85 who would be facing six or 8% cut in benefits, maybe there would be an adjustment to make sure, especially for people who are very poor, that there would be some sort of safety net. paul krugerman has said liberal firebrand
, that doesn't mean you're locked in. >> unlike climbing, fiscal cliff has so much on the line. >>> firing an employee because she's too attractive may not be fair, but in iowa, it's legal. the state supreme court just ruled in favor of dentist james knight saying his irresistible attraction to one of his dental assistants justified fired her. she wasn't fired because of her gender, but because her boss felt she threatened her marriage by being attractive. she worked for knight for ten years, but near the end of her employment, she said knight told her her clothing was tight and distracting. she sued she talked to our cnn's don lemon about how she feels now that the court has ruled against her. >> i don't think it's fair. i don't think it's right. the last couple of days have just been an emotional roller coaster. i'm trying to stay strong. tough. i do hope that if something positive doesn't come out of this for me. that it will for somebody else. i hope that nobody else has to experience or go through and live what i've had to live with. >> now, nelson's attorney says she is appalled by t
taken those off the table. this is not part of the sequester or the fiscal cliff. this is a trillion dollar tax increase over the next decade that just hit. so there's a $20 billion to $30 billion over the next 10 years tax on medical devices that make stents, prosthetic devices -- >> all signed into law by the president. >> the law of the land, 90% of the tax increases to pay for obama care conveniently, interestingly took effect, begin to take effect after the president got himself safely re-elected. if you're a poor person and you get sick, and you have 7 1/2% of your adjustable gross income used up in medical costs, the president decided, the democrats in congress voted, to take that -- >> i get your point -- >> average americans who are very sick are paying $2 billion to $3 billion more in taxes to pay for obama care. these are tax increases on the middle class put there by obama. he wants you to talk about taxing the rich as he's busy socking it to the middle class. >> i'm sorry. there is a luxury of a debate that washington may have, that folks like me on the ground in cities
the fiscal cliff negotiations and the finays
headlines, tell what you else is happening at this hour, because the fiscal cliff may be coming sooner than you you thought. >> we do not need to have a serious matter involving more than a trillion dollars of united states taxpayers' money dropped on the senate next thursd thursday. >> alisyn: he wants to -- jeff sessions is saying the real fiscal cliff deadline should be when the lawmakers return from break, thursday. if the deal is not proposed by then, there won't be enough time to review and ratify it. we can't afford to vote on a deal without thoroughly reading it first. well, is a serial killer on the loose this morning in michigan? there are new concerns being raised because police just made another gruesome discovery in a drain pipe. this is the second time in four months that they've found human remains there. police have now sent the remains to a lab in texas. and the investigators want today determine if the retains matched body parts which belonged to an unidentified female. one of the president's biggest backers on capitol hill, the progress of election day on immigration refo
it squarely on the white house. that story coming up next. >>> we are now nine days away from the fiscal cliff. what happens to you if there is no deal? well, your taxes are going to go up, no doubt about that. the tax policy center says households with an annual income of $20,000 to $30,000 can expect to pay $1,064 more in taxes. the average tax increase for someone making between $50,000 and $75,000 a year is $2,399 and for those making diss 100,000 to $200,000 a tax increase of more than $6,000 awaits you. there is only one person that can provide the leadership and that is the president of the united states. >> no, sir. >> there is only one person that can provide the leadership. rather than campaigning he should be here leading and, woulding with people and talking to folks on both sides of the aisle to get a solution so we don't go over the cliff. i believe the president is eager to go over the cliff. >> i don't believe that at all. there are 535 of us that can provide leadership. there are 435 in the house. there are 100 in the senate. there is the president. all of us have a responsibi
higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly holding up the american economy. one man stimulus. >>heather: you can catch brand da every saturday morning at 10:00 a.m. right here. >>gregg: it legal immigrants could get a free pass in the united states as immigration and customs enforcement unveil a new border patrol policy to bypass certain kinds of offenders. dominic is live in our west coast newsroom with more. >>reporter: yes, this policy snuck through hoping people would not notice and now illegal immigrant if they commit a petty crime they are not deported. the aim of homeland security and customs is to consequence trait resources on hunting down the dangerous illegal immigrants, instead,
basey, wbal, tv 11 news. >>> forget the fiscal cliff. how about the milk cliff? next, why some farmers believe you could be paying upwards of $6 a gallon for milk. >> lot of money. >>> and a young boy fighting cancer gets to live out his dream. his story after the break. >>> vacant lots in baltimore city transformed. i'll introduce you to a local grouping honored for their hard wor ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> in this morning's consumer alert retailers are trying to attract last minute shoppers with price cuts and deals this final weekend before christmas. the malls were crowded with shoppers saturday. some stores were offering discounts up to 60% off ce
and negotiations surrounding the so-called fiscal cliff. first, the date from the house floor on the proposed plan be followed by a press release after his -- after his plan was pulled from the floor and then president obama's remarks on the ongoing negotiations. now, some house debate concerning the fiscal cliff and john boehner's alternative that would have raised taxes on annual incomes of more than $1 million. this is about one hour. >> i'm not doing a sesame street skit here. this is what we're talking about. i think about planning a which is what the majority in the house of representatives has been trying to implement. it is very simply a plan designed to put into place that democrats and republicans say they support. that is meaningful, strong, bold plans for a simple, fair tax code. the president supports tax reform and taking the top from 25% to 30%. majoritysay we in the have been trying to put into place a real, meaningful tax reform that can ensure people can reduce rates and generate domestic growth. the trouble with that is our plan a has been designed to bring about a reduction of
couple of paychecks in the new year. >> no matter what congress does to address the year- end "fiscal cliff," it's already past the deadline for employers to accurately withhold income taxes from january paychecks. this means. at first workers probably won't feel the full brunt of next year's tax increases in their january paychecks. employers are planning to withhold income taxes at the 2012 rates, at least for the first one or two paychecks of the year. things change when the internal revenue service releases income tax withholding tables for 2013. >> president barack obama and first lady michelle obama are wishing americans a merry christmas and happy holidays from hawaii. the obamas departed for their vacation last night and arrived there this morning. the president says the nation should give thanks for veterans and their families and asks americans to "say a prayer for all our troops" - including those spending the holiday in afghanistan >> authorities are saying that prosecutors are deciding whether to p charges over the royal prank phone call that caused a nurse to take her li
are on a break and there's no deal on the fiscal cliff. what happens to your tax it is we go over? will you be paying more right away? we will tell you in the next hour. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. schwab bank was built with all the value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit checks with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#: 1-800-345-2550 call, click or visit to start banking with schwab bank today. tdd#: 1-800-345-2550
. >> fiscal cliff chaos. >> it's not the outcome that i wanted, but that was the will of the house. >> after speaker boehner's stinging defeat, is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine. the only thing that stops a bad guy with a gun is a good guy with a gun. >>> and a new pick for secretary of state.
to guns real quickly. so much going on with the fiscal cliff, it's hard to imagine they are going to jump into this gun debate really any time soon. i think people say, oh, we're going to act now on guns. well, now is a relative term on capitol hill. when will that happen? >> that can be any time in the next decade. we saw the president try to buy some time this week by appointing his task force and putting joe biden in charge of it. his first meeting is with cops. i suspect the second and third meeting will be with cops. there aren't a lot of other people to meet. it will be a long time as senator lieberman said before we have what is required to pass something, that could be months. >> look at your interview with congressman with hutchinson and the nra press conference on friday. that made it clear that americans agree what happened at sandy hook elementary is unspeakable and terrible and a tragedy. there is no consensus on what to do next. and that news conference underscored the fact that that divide has not gotten any narrower in the wake of that tragedy. >> there is no consensus but
difference. we begin with where things stand on the fiscal cliff. david corn is the washington bureau chief for mother jones magazine and msnbc contributor, jared bernstein was chief economic adviser to vice president biden. gentlemen, president obama tonight said he had spoken with speaker boehner in addition to meeting with senate majority leader harry reid. >> i just spoke to speaker boehner, and i also met with senator reid. in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans, protects unemployed for 2 million americans and lays the groundwork for deficit reduction. that's an achievable goal. that can get done in ten days. once this legislation's agreed to, i expect democrats and republicans to get back to washington and have it pass both chambers. >> jared bernstein, is this actually a setback for the president insofar as the embarrassed speaker was someone at least with whom he was dealing and now the president really doesn't have a negotiation partner? >> i don't think so. i do think in a way it's a setback
or not -- what would you like to say about the fiscal cliff? >> you know, i think the fiscal cliff is a great nickname. but i think it is sort of greedy instance of an emergency. like if something doesn't happen by january 1, the entire economy will go into the next great profession. that's not really what's going to happen. there is some great degree of urgency. this is sort of a man-made crisis, i think. i don't think that we have this crushing budget issue that has to be dealt with at this precise moment, or the world will end. i think of seville at a very anemic recovery. there are a lot of people really struggling out there across the country. but our priority should be strengthening our safety net during times of economic duress. now is not the time, in my opinion, to be contemplating significant cuts in things that a lot of struggling working class people who have lost grip of the middle class, spending cuts that are talked about, it could really have a negative impact on people at a time when they need it most. i am much more concerned about increasing getting people out of poverty, r
't mean you can't try something else. >> reporter: unlike climbing, she says, fiscal cliff hanging slunt be an option because so much is on the line. emily schmidt, cnn, washington. >>> thousands of people protesting in the streets, all in the name of women's rights in their country. we will tell you about the violent attack that led to these protests just ahead. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> the national rifle association is standing tough on its opposition to new gun laws as the debate rages on sin
will be kay bailey hutchison. we'll talk about the fiscal cliff with her and the comments tuld by wayne lapierre as well as her last days in the senate. it is coming up at 1:30 eastern. >>> now we check on the weather misery index. it is on the rise apparently in parts of this country because right now there's a system dumping more snow and rain out west, and then it's going to move across the country. who's going to see a mite whyte christmas? let's go to nbc meteorologist dylan dreyer with the forecast. hi. >> good afternoon. go figure, the places we'll see the snow, oklahoma and arkansas. arkansas hasn't seen a white christmas since 1926. where is that storm right now? well, it's affecting the west coast. that's where we're seeing more heavy rain, more heavy snow, another 1 to 2 feet snow possible in the mountains out that way. that's going to slowly spread eastward and then dive down towards texas and into oklahoma and arkansas. so it is still several days away. but it will get there in time to give about an inch or so to areas across arkansas for christmas. so that will be nice for
't understand why you'd want to start the presidency with the potential of going over a fiscal cliff that could potentially put us into a recession. why not work a deal for the short term. why not look to do something more broad based next year? >> it would be been good to do it two months ago but the reality is, there's always risk. realistically if we take 5 to be 10, 20 days. the markets panic over everything. i assume these are rational actors. even if the market goes down 3 or 4%, markets fluctuate all the time. it goes down one day and back the next week and the impact on the economy is the same thing as my decision to go out to dinner next week. >> i disagree with that statement. it goes down 3 or 4% and then a lot of wealth has been destroyed. >> but it comes back. >> not necessarily for those same people. i explain that to my mother all the time. 100 points up or 100 points down is not flat. >> with all due respect to our representatives, they have a dismal record on what would cause a crisis and i don't think we should trust their predictions that'sing it would be okay. and 2 million
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